175
175
tv
eye 175
favorite 0
quote 0
we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media cameras in their. stuart: let's get more on this. we have a special guest joining us. he should have been on varney & company many times. >> i hope this is the first of many appearances. great to be with you this morning. i am kind of in a foul mood this morning. i am going to say something. the three of you are going -- if the republicans just gave the president what he wants on these taxes, low, in the end, the taxes are going up. we still have a trillion dollar deficit. this does not solve anything. at best, even if they raise the mo
we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media...
152
152
tv
eye 152
favorite 0
quote 0
he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax rates. will you defend that? >> well, i think he has the upper hand in the sense that seen, americans say they support raising taxes on the wealthy, so i think he feels that he has a mandate on that issue. look, i feel if the republicans are willing to make up that revenue another way, he should be open to that. i don't think it has to come from raising taxes. it could come -- stuart: the republicans have put forward a plan to raise 800 billion dollars over ten years. >> right. stuart: that's not by raising rates. that's by restricting de
he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax...
70
70
tv
eye 70
favorite 0
quote 0
are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with this legislation. >> there are rumors that michigan can become the 24th rights work state in the nation. he gives workers the ability to choose whether or not to pay a union and without rights or protections, they can actually get the worker fired in a union if they choose not to gerri: i understand there are some five groups of unions to protest what you're trying to do. what you make of that? >> they are protesting what they think may be an imminent right to work bill introduced in michigan's capital in lansing. gerri: lets get what we always talk about on the show. that is the
are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with...
155
155
tv
eye 155
favorite 0
quote 0
remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal cliff. gerri: it's interesting you say the impact of the fiscal cliff impacting manufacturing here. how do you see that? >> i mean, if it's going to impact manufacturing, but business generally. care about the manufacturing sector certainlily, but there's all sorts of activity, where it locates, and whether it's building, expanding, or contracting. manufacturing is just a piece of the overall pie. there's tons of other stuff. gerri: tons. jeff, you know, the federal reserve seems to uphold every trick in the book and made up more to get the economy going. they say they'
remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal...
191
191
tv
eye 191
favorite 0
quote 0
the president won the election and if it pushed over, blame the republicans? >> well, brenda, i think there will be a gimmick and that's unfortunately the way that washington works these days, larry had a phrase, he said meaningful spending difficulties. we know that there's not going to be any meaningful spending cuts, the's not going to be meaningful spending cuts three weeks from now, it's not going to be there three years fro now. let's at least get over the psychological hurdle of the fiscal cliff. move on, and put some bandaid together and then hopefully, the next group in there, minus obama, starts to cure this four years from now, because nothing's going to happen in the next four years good. but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fisc
the president won the election and if it pushed over, blame the republicans? >> well, brenda, i think there will be a gimmick and that's unfortunately the way that washington works these days, larry had a phrase, he said meaningful spending difficulties. we know that there's not going to be any meaningful spending cuts, the's not going to be meaningful spending cuts three weeks from now, it's not going to be there three years fro now. let's at least get over the psychological hurdle of...
180
180
tv
eye 180
favorite 0
quote 1
and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, it's almt like a hurricane. and i'm not saying it's totally iane for nem to get a disproportionate amount-- >> gary b, you live in maryland, should you and maryland be paying for what detroit or michigan is deciding to do with unions and pensions and how they got themselves in this mess in t first ace? >> exactly, brenda. i kind of agree with jonas. i'm not sure i'd be so quick bail out cities with national catastrophes. they decided to live there and build there. but jonas it right, a lot of tiesike detroit are heavily unionized. they invested heavily in these gold-plated cadillac-like govern
and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, it's almt like a...
206
206
tv
eye 206
favorite 0
quote 0
. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. t parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, bse it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? >> >> driving and eating, hey, the a city i south dakota fine people eating behind the wheel. >> charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculs. >> neil: this is one town that won'tee cavuto passing through soon. thank you. ben, what do you thinof it? >> cooking while driving. (laughter) a
. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. t parent company of red lobster, filing a fight for the president's health care law, not because of...
121
121
tv
eye 121
favorite 0
quote 0
and i think that they're certainly trying to leverage off of tt since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their ow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for e president's health care law, not becse of the actual law, becauset criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? oh!oh! >> apparently theseuys just found o that they could get fine for eating while dving. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, hoho! [ male announcer ] lease a 2013 glk35
and i think that they're certainly trying to leverage off of tt since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their ow, painful death. >> on that upbeat note. i want you to look at this. the parent company of...
104
104
tv
eye 104
favorite 0
quote 0
elections have consequences. at that right now. lou: i think we all agree about conseqnces. certainly. your thoughts on this? does it look to you right now like we are going to avoid this fiscal cliff? the president, but the brilliant idea? it's interesting how he does this. he initiates an ultmatum and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes, and the polls show that the american people are prud and -- probably going to blend republicans now matter what happen. lou: slightly. >> therefore i think that is what you're seeing with president obama'sttitude here. lou: does irritate you to think that they are going to blame the republicans denied republicans are basical saying, you know, we are going to step back because you're going to blame us instead of coming up with a answer, a rejoinder to the president's going after them. and they don't have a strategy. they don't have a message. they don't want anybody to think bay of them. >> he
elections have consequences. at that right now. lou: i think we all agree about conseqnces. certainly. your thoughts on this? does it look to you right now like we are going to avoid this fiscal cliff? the president, but the brilliant idea? it's interesting how he does this. he initiates an ultmatum and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes,...
80
80
tv
eye 80
favorite 0
quote 0
david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to spend more time debating and getting their policy initiatives together where republicans are more conservative in ideology. come out a little quicker. post-election years up five, down one for republicans since world war ii. i mean for democrats, excuse me. >> jeff hirsch, stock traders almanac, editor-in-chief. david: has commodity traders almanac. you have it all covered. >> thank you. liz: who is the most overpaid actor according to the forbes when looking at box-office returns versus the big bucks they're paid? is it brad pitt? is it eddie murphy or is it adam sandler? we have the answer co
david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to...
168
168
Dec 10, 2012
12/12
by
FBC
tv
eye 168
favorite 0
quote 1
i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it againand put out a specific offer. all we ve heard from the president is a hard-line was no negotiation on the tax side and not one wrd about the entitlement reforms th would have to match that for this plan to make any sense. and it is that absnce of lead on the spending side and unwillingness to make compromises that will actually get deals done and have washington auction again th i think our marks against this lame-duck session. lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. it's a big spending cut. more importantly, if you look at the debt ceiling debate, we saw a sharp drop in consumer confidence and we saw that today in the december number. a sharp drop in consumer confidence, and you also
i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it againand put out a specific offer. all we ve heard from the president is a hard-line was no negotiation on the tax side and not one wrd about the entitlement reforms th would have to match that for this plan to make any sense. and it is that absnce of lead on the spending side and unwillingness to make compromises that will actually get...
76
76
Dec 10, 2012
12/12
by
FBC
tv
eye 76
favorite 0
quote 0
connell: they have elections next year. not that we are counting on the most honest elections or anything like that. the economy is struggling, you would think the leadership would change. >> eastern europe used to be a communist bloc satellites of the soviet empire. the collapse of the soviet economy back in the early 80s brought us the whole revival of the wall coming down. those kinds of things can still happen in iran. they have to have the same kind of support that ronald reagan gave to the polish and eastern europeans back when it was not a popular thing to do. dagen: do you believe that the current obama administration is willing to provide that kind of support? >> no. that is why i wrote this book. it is about what happens if you do not do the right kind of things to support democracy. quite frankly, we are not doing enough with the right kind of things. dagen: it is a novel? >> it is a novel. this is about and administration that does not do the right things just as we are not doing the right things now. oliver nor
connell: they have elections next year. not that we are counting on the most honest elections or anything like that. the economy is struggling, you would think the leadership would change. >> eastern europe used to be a communist bloc satellites of the soviet empire. the collapse of the soviet economy back in the early 80s brought us the whole revival of the wall coming down. those kinds of things can still happen in iran. they have to have the same kind of support that ronald reagan gave...
85
85
tv
eye 85
favorite 0
quote 0
>> well, i think when we get st it is when we make sure that the elected officials know that the people they need are not the big public employee union leaders who constantly try to flex their muscle or the big corporation leaders. it is the people who sent them to represent them. and we get past this when elected officials sit down and start listening to the people who work in schools, the kids come in the other people in their district. they are just not doingthat. as a result, there is no question why we are seeing small business suffer and why we are, again, for the second year in a row, the sme of the country where he should be. >> earlier this week about the california -- real estate seem to be percolating, things were coming together. is that not so? >> it's not so. we represent around 20,000 members of small business here. 350,000 nationwide. across the nation, but the best content especially here in california. no hope or certainty. that optimism continues to plummet. so we are finding the mom-and-pop stores -- especially during the holiday season -- with a lack of will. it's a
>> well, i think when we get st it is when we make sure that the elected officials know that the people they need are not the big public employee union leaders who constantly try to flex their muscle or the big corporation leaders. it is the people who sent them to represent them. and we get past this when elected officials sit down and start listening to the people who work in schools, the kids come in the other people in their district. they are just not doingthat. as a result, there is...
127
127
tv
eye 127
favorite 0
quote 0
. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting tax cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so far, the president plans to keep pressuring republicans from the outside. meeting with the nation's governors on tuesday and then addressing the business roundtable on wednesday. lou: thank you. ed henry, fox news chief white house correspondent. joining me now, a pulitzer prize-winning journalist, campaign strategists, form reagan political director of, veteran democratic campaign strategists. we thank you all for being here. let's turn, if i may, to you. this is an impasse, a stal i'm going to be the one who raises taxes, but you're going to be the ones to cut medicare. if you want cuts in entitlements, but the mob. i'm not goingtodo both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the hec
. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting tax cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so far, the president plans to keep pressuring republicans from the outside. meeting with the nation's governors on tuesday and then addressing the business roundtable on wednesday. lou: thank you. ed henry, fox news chief...
75
75
tv
eye 75
favorite 0
quote 0
and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good opportunity to elevate my gain. neil: did this is anything to do with you becoming a skunk at your own party's picnic, a lot of tea party's frustrated on what appears to be a hatchetting of tea party types in the house that tapper tarp that brought, -- tea party that brought your party to majority in the house. >> sense -- the senate is different, now i'm in senate with pat tumi and marco rubio, and soon to be ted cruz. neil: you are in a bigger minority now. you are not feeding the beast i'm throwing at you. there is a riff, that everyone is, you saw this page, that everyone is
and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good...
122
122
tv
eye 122
favorite 0
quote 0
the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo director says these cuts fail to control the greatest deficit challenge, federal health care spe
the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new...
55
55
tv
eye 55
favorite 0
quote 0
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in...
122
122
tv
eye 122
favorite 0
quote 0
. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in washington institute fellow eric trager, and president obama back on the campaig trail continuing to successfully dress up his ultimatum on higher taxes as a republican decision rather than his own declaration. his staff organized a sit-down wi a middle class family today in virginia claiming congress is to blame p they fail to yield to his ultimatum. why is the mainstream liberal media ignoring the reality it's the president's ultimatum driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dicta
. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in...
95
95
Dec 10, 2012
12/12
by
FBC
tv
eye 95
favorite 0
quote 0
the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked right into the obamacare law and that means upper being in earners will see billions of dollars in tax hikes as it is. for democrats it is not enough. with republican lawmakers backing off the pledge not to raise taxes looks like tax hikes for the wealthy are certainty. joining for more, grover norquist, president of americans for tax reform. thanks so much for joining us. >> absolutely you say a lot of people are missing the fact that obamacare baked in a ton of tax hikes for wealthier americans as it is? >> people talk about the fiscal cliff as if it is one thing. it is three. there's the obamacare taxes. to pay for obamacare were
the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked right into the obamacare law and that means upper being in...
84
84
tv
eye 84
favorite 0
quote 0
george bush lost an election in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waiting for those $2 in spending cuts. now the president is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spending. gerri: to that point. i want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get later. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stick the middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keep all the race the same. now lower than for anybody. and maintaining the status quo on rates. the deductions are actually targeted for upper-income people. the democrats, the white house, some left wing groups that on behalf of the white house imagined how they would design the republican plan and then t
george bush lost an election in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waiting for those $2 in spending cuts. now the president is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spending. gerri: to that point. i want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you...
210
210
tv
eye 210
favorite 0
quote 0
i think the question at the heart of t election that the rld waned the answer to. is the united states capable of serious course correction? and i think both on november the sixth and in the so-called fiscal clef, sokol negotiations that followed, we are telling th orld that the united states is not capable f serious course correcon, and that will have catastrophic consequence for america. lo when yousa catastrophic consequences, tonight it seems as if we are, this roadcast has been organized to prove your point. house ways and means committee in 1996 who was prsident at almost the destruction of the government under resident clinton and peaker gingrich. we have his xperience, also the experience as a member of th budget commission put together by presint clinton which came to nothin just as the simpson bles commission came to nothing. and as this fiscal clef being managed by his president does not look promising. >> that is reallythe point you brought up earlier. when you have european levelsof spending wich we now have come up you have traditional american tax ra
i think the question at the heart of t election that the rld waned the answer to. is the united states capable of serious course correction? and i think both on november the sixth and in the so-called fiscal clef, sokol negotiations that followed, we are telling th orld that the united states is not capable f serious course correcon, and that will have catastrophic consequence for america. lo when yousa catastrophic consequences, tonight it seems as if we are, this roadcast has been organized...
66
66
tv
eye 66
favorite 0
quote 0
melissa: republicans lost five house seats in the november election and admitted to wanting to get it done before the legislature takes office next month. unions may not like it. it is proorkers pro-growth, pro-employment, pro-economy. you name it. good for them. still to come my two cents more on barney frank's next career move. it is a shocker. will it be a merry little christmas for the stock market? scott martin will tell us whether santa will bring a bull or a bear a what 2013 has in store for us. ♪ . melissa: "fox business alert" for you now. tflix is facing scrutiny over a facebook post by its ceo. listen to this. securities & exchange commission recommending action be brought against ceo reed hastings. he posted hisonline video, viewing exceeded one billion hours for the first time ever in june. information how the company was performing. the sec says that information should have been disclosed in a regulatory filing or news release. shares of netflix rose more than 6% on the day ofhe post and another 13 points on the next trading day. in response to the sec notice hastings
melissa: republicans lost five house seats in the november election and admitted to wanting to get it done before the legislature takes office next month. unions may not like it. it is proorkers pro-growth, pro-employment, pro-economy. you name it. good for them. still to come my two cents more on barney frank's next career move. it is a shocker. will it be a merry little christmas for the stock market? scott martin will tell us whether santa will bring a bull or a bear a what 2013 has in store...
158
158
tv
eye 158
favorite 0
quote 0
then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stickhe middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keeall the race the same. now lower than for
then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in...
107
107
tv
eye 107
favorite 0
quote 0
could you get elected? >> it is not always about what is electrolyte favorable but i will tell you this. a way not to get elected is talk about only social issues. we have a real fiscal conversation in this country and not do what pecan and murdoch didn't talk about free market ideals and morality of capitalism we will see people understand we're talking about social issues start to cloudy true issues in this country. i believe that if governor romney talk about fiscal issues with real solutions and not had the social issues cloud the tenets of the campaign would of been very different and it is not always allow corley favorable but we are $16 trillion in debt and need real reform or for our country goes bankrupt. >> i agree with you on the dependency picture because the objective of the democrats over many decades certainly the current democratic party is to expand government as far as fast as possible, the object of of that is to expand dependency on government as fast as possible and the ultimate objecti
could you get elected? >> it is not always about what is electrolyte favorable but i will tell you this. a way not to get elected is talk about only social issues. we have a real fiscal conversation in this country and not do what pecan and murdoch didn't talk about free market ideals and morality of capitalism we will see people understand we're talking about social issues start to cloudy true issues in this country. i believe that if governor romney talk about fiscal issues with real...
113
113
Dec 10, 2012
12/12
by
FBC
tv
eye 113
favorite 0
quote 0
they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a tad hypocritical? we will deal with it next. streamline the proce? at fidelity, we it by merging two toolinto one, combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and ex points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated techcal analysis one more innovative reason seous investors are choosing fidelity. now get 200 free trades when you open an account. >> coming up tonight at 7:00 eastern, the obama middle east policy
they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a...
69
69
tv
eye 69
favorite 0
quote 0
what a joke. >> let them raise taxes and see how many hollywood democrats back the next election cycle. >> we would do wh the cliff 2009 now we're grabbing them by the hand. brace for the impact. which is better for the ture? go over the cliff? >> you hit the nail on the head. it is a bad choice risk armageddon now or later? if it is a bad deal it does not matter this year or next year it will cost over many years. so eager to avoid a cliff we do nothing to address that created the cliff. stimulus that did not work and did not pan out. so we feed the beast. more taxes and precious little to show with spending. the does not igne the fact we have more of a clf that is what is at issue. my fear is rushing toward the wrong deal. on creating more revenue for the govement than ever remotely taming of its size. that is why we wil still get downgraded. credit rings
what a joke. >> let them raise taxes and see how many hollywood democrats back the next election cycle. >> we would do wh the cliff 2009 now we're grabbing them by the hand. brace for the impact. which is better for the ture? go over the cliff? >> you hit the nail on the head. it is a bad choice risk armageddon now or later? if it is a bad deal it does not matter this year or next year it will cost over many years. so eager to avoid a cliff we do nothing to address that...
114
114
tv
eye 114
favorite 0
quote 0
for instance, right after the election we advised our clients we should get a good-sized down move. we got 'em short at 1430 in the december s&p, futures caught the move all the way down at 1350 and then turned around and said, look, we should rally back to the 1400 area. that's exactly what happened. we didn't chase headlines, we didn't try to catch every wiggle in the market, and for the people watching, the important thing to keep in mind now is we're getting close to the end of the year. the markets are going to get increasingly thin and illiquid. pile on the headline risk not only coming out of europe, but also with the fiscal cliff negotiations. the bottom line is it's going to be very difficult to maneuver in tight spaces, so widen it out. for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 area and above, we want to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have here. 1320 to 1340 buy in when it hits there, and
for instance, right after the election we advised our clients we should get a good-sized down move. we got 'em short at 1430 in the december s&p, futures caught the move all the way down at 1350 and then turned around and said, look, we should rally back to the 1400 area. that's exactly what happened. we didn't chase headlines, we didn't try to catch every wiggle in the market, and for the people watching, the important thing to keep in mind now is we're getting close to the end of the...
177
177
tv
eye 177
favorite 0
quote 0
we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal government over this fiscal cliff situation. our next guest is here to say, our point is, we need the government out of the markets and we need to get them out now. he is in d.c. today. what does that mean, you need to get the government out of the markets? >> you know the solution. they have to compromise. cut spending, cut entitlements and increase tax. that is the bottom line. there is just too much affecting this market. the word on the street is, by boehner, so read. we have to get the government out of the market. connell: you can see where the compro
we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal...
117
117
tv
eye 117
favorite 0
quote 0
that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited by the children, including former president george w. bush. those are your headlines. back to lori and connell. >> thank you. >> sales numbers, general motors up 3% from last year, and others in the green as well thanks to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are
that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited...
172
172
tv
eye 172
favorite 0
quote 0
yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a bill with the majority now. put it back in the president's court. there is really not much, house can do against the senate and white house to get anything accomplished. adam: so you think we go off the cliff. do you think there would be any signs in the next week or two that that's an incorrect prediction? they're talking right now, not politely, not pleasantly, but not getting anything done but the lines of communication are open. >> look, if we're in a crisis and i believe we are, why isn't the president showing leadership and having leaders down to the white house, burning midnight oil ins
yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a bill with...
211
211
tv
eye 211
favorite 0
quote 0
. >>> newly-elected massachusetts senator elizabeth warren has been tapped by democrats for a seaton the senate banking committee. warren won her seat campaigning as a populist who would crack down on big banks. this comes two years after she unsuccessfully lobbied to the run for the consumer protection bureau. that is the latest from fox business network, giving you the power to prosper lori: let's give you an update. i was chuckling because so many people are talking about anna wintour, nomination, to be ambassador to england. a lot of people gufawing over that. let's talk about the stock market. it is doing absolutely nothing. the reason is investors are holding out, they hope we get a deal on fiscal cliff. they are hopeful the november jobs report coming out at end of the week will be brighter. melissa: there we go negative. lori: stocks swinging between gains and losses today. november jobs report on friday should be the tone seter. the ism report yesterday released was below 50. so it signaled contraction. that was the first time in three months. that was very concerning to inv
. >>> newly-elected massachusetts senator elizabeth warren has been tapped by democrats for a seaton the senate banking committee. warren won her seat campaigning as a populist who would crack down on big banks. this comes two years after she unsuccessfully lobbied to the run for the consumer protection bureau. that is the latest from fox business network, giving you the power to prosper lori: let's give you an update. i was chuckling because so many people are talking about anna...
1,137
1.1K
tv
eye 1,137
favorite 0
quote 0
we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they started. still, aids say it's early to be moving to an agreement with plenty of time for each side to extract the best deal possible before selling it to the parties and selling position to voters. with that, president obama is hosting a twitter question-and-answer next hour. back to you. >> signs on for that. rich, thank you. >> time is returning out on the fiscal cliff, and the next guest thinks there's a deal brewing, optimistic. that's david, adviser's chairman and chief investment officer. what do you think is the key to getting a deal done? do you think something's
we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they...